Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $102

• 1c · Fundraising events

  $345,030

• 1d · Related organizations

  $56,020

• 1f · All other contributions, gifts and grants

  $1,004,171

• 3 · Investment income

  total $1,746,059 · excluded $1,746,059

• 7a · Gross sales of assets other than inventory

  securities $967,877

• 7b · Less cost or other basis and sales expenses

  securities $0

• 7c · Gain or loss

  securities $967,877

• 7d · Net gain or loss

  total $967,877 · excluded $967,877

• 8a · Fundraising events: gross income

  $32,028

• 8a · Fundraising events: contributions included on line 1c

  $345,030

• 8b · Fundraising events: direct expenses

  $125,518

• 8c · Net income from fundraising events

  total -$93,490 · excluded -$93,490

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,803,368 · program services $1,803,368

• 2 · Grants to domestic individuals

  total $151,032 · program services $151,032

• 7 · Other salaries and wages

  total $170,365 · management and general $92,032 · fundraising $78,333

• 9 · Other employee benefits

  total $19,870 · management and general $8,544 · fundraising $11,326

• 10 · Payroll taxes

  total $14,204 · management and general $6,108 · fundraising $8,096

• 11c · Fees: accounting

  total $22,360 · management and general $22,360

• 11g · Fees: other

  total $32,464 · management and general $32,464

• 13 · Office expenses

  total $3,320 · management and general $3,320

• 17 · Travel

  total $129 · management and general $129

• 24a · Other expenses: MISCELLANEOUS

  total $1,842 · management and general $1,842

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $294,844 · end of year $321,207

• 2 · Savings and temporary cash investments

  beginning of year $427,553 · end of year $94,804

• 9 · Prepaid expenses and deferred charges

  beginning of year $36,744 · end of year $13,654

• 10a · Land, buildings and equipment: cost or other basis

  $44,032

• 10b · Land, buildings and equipment: accumulated depreciation

  $44,032

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $92,271,653 · end of year $100,074,484

• 12 · Investments: other securities

  beginning of year $30,858,390 · end of year $34,913,284

• 15 · Other assets

  beginning of year $218,541 · end of year $224,515

• 17 · Accounts payable and accrued expenses

  end of year $20,194

• 18 · Grants payable

  beginning of year $1,040,272 · end of year $754,783

• 19 · Deferred revenue

  beginning of year $189,269 · end of year $7,400

• 27 · Net assets without donor restrictions

  beginning of year $107,484,235 · end of year $117,998,357

• 28 · Net assets with donor restrictions

  beginning of year $15,393,949 · end of year $16,861,214

The filer's explanations (Part III)

PART I, LINE 3

HERITAGE VALLEY HEALTH SYSTEM'S BOARD OF DIRECTORS HAS APPOINTED AN EXECUTIVE COMPENSATION COMMITTEE TO REVIEW THE SALARIES FOR THE ORGANIZATION'S CEO AND OTHER SENIOR MANAGEMENT OFFICIALS. AS PART OF THE REVIEW, THE EXECUTIVE COMPENSATION COMMITTEE ENGAGED AN OUTSIDE CONSULTING FIRM TO REVIEW THE BASE SALARIES OF THE SENIOR MANAGEMENT TEAM INCLUDING THE CEO IN COMPARISON TO THE MARKET TO ENSURE REASONABLENESS OF COMPENSATION. MARKET ADJUSTMENTS ARE MADE ACCORDINGLY IN INSTANCES WHERE DATA SUPPORTED SUCH CHANGES FOR THIS PERIOD. BONUSES ARE PAID IN ACCORDANCE WITH AN INCENTIVE COMPENSATION PLAN WHICH WAS DEVELOPED AND APPROVED BY THE BOARD OF DIRECTORS SEVERAL YEARS AGO.

PART I, LINE 4A

ROBERT ROSENBERGER, FORMER CFO - $179,808

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• CONSOLIDATED SUPPLY CHAIN SERVICES

  RELATED · GROUP PURCHASING · PA

  Directly controlled by HERITAGE VALLEY HEALTH SYSTEM

• EDGEWORTH COMMONS GROUP LLC

  RELATED · SURGERY CENTER · PA

  Directly controlled by HERITAGE VALLEY HEALTH SYSTEM

• BEAVER VALLEY AMBULATORY SURGERY

  RELATED · SURGERY CENTER · PA

  Directly controlled by HERITAGE VALLEY HEALTH SYSTEM

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• TRI-STATE OBSTETRICS & GYNECOLOGY

  C · PHYSICIAN PRACTICE · PA

• HERITAGE VALLEY PEDIATRICS INC

  C · PHYSICIAN PRACTICE · PA

• HERITAGE VALLEY MULTISPECIALTY GROUP INC

  C · PHYSICIAN PRACTICE · PA

• TRI-STATE GYNECOLOGY INC

  C · PHYSICIAN PRACTICE · PA

• HERITAGE VALLEY INSURANCE COMPANY

  C · PROFESSIONAL LIABILITY CAPTIVE · CJ

• EMBROOKE INCORPORATED

  C · AMBULANCE SERVICES · PA

• KBS ANESTHESIA INC

  C · PROVIDES MEDICAL SERVICES · PA